Economy

Tighter credit conditions have spurred a 13.6 per cent annual decline in dwelling approvals, according to an ANZ analysis of the latest ABS data.

The royal commission failed to detect the “biggest fraudulent or dishonest act or practice” of how banks calculate mortgage interest, a professor and CEO of the ICMA has claimed.

The heads of the banking industry have accepted responsibility for the misconduct levelled at them in the interim royal commission report, with ABA CEO Anna Bligh saying that it was “a day ...

A construction company has paid more than $50,000 in penalties after ASIC raised concerns that it had produced misleading adverts aimed at first home buyers.

The central bank has announced its cash rate decision for October following its monthly board meeting.

Economists have unanimously predicted a rate a hold from the central bank, with above-trend economic growth offsetting concerns about out-of-cycle interest rate rises and continued weakening ...

The biggest beneficiaries of gains in net wealth have been the wealthiest 10 per cent of Australians, according to new research from Roy Morgan.

Moody’s Investors Service has undertaken a “sensitivity test” which has outlined the impact that changes in interest rates, property prices and household income would have on mortgage ...

There was a “subtle improvement” in housing affordability in the June quarter of 2018, which has been partly attributed to a rise in household incomes.

A quarter of Australian parents are putting off their own retirement to help their children enter the property market, according to a new survey from non-bank lender Homeloans.